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AXIOS (Amy Harder) - Tech ratepayer pledge may be more bark than bite — but still matters

Big Tech's coming vow to pay for its own power amid the data center boom may be light on policy specifics. But it could still pack a political punch. Why it matters: Electricity markets are largely regulated at the state and regional levels, limiting Washington's direct sway. - Even so, the White House-tech initiative "is a big bully pulpit that could influence state economic regulators around the country even if it lacks an implementation plan or regulatory teeth," said Rob Gramlich, founder of Grid Strategies, a consulting firm. Catch up quick: Tech execs are expected at the White House next week to sign what President Trump called a "ratepayer protection pledge" during Tuesday's State of the Union. - OpenAI and Amazon are taking…

NYTIMES (Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Niko Gallogly and Brian O’Keefe) - Why Nvidia’s Big Profits Aren’t Lifting Markets

The chip giant at the center of the artificial intelligence boom again beat expectations. But it didn’t overcome investor jitters.

AXIOS (Avery Lotz) - The GOP's NIMBY rebellion against ICE facilities

ICE is on a multi-billion-dollar quest for new immigration detention facilities, but they're increasingly facing pushback from an unlikely foe: Republicans. Why it matters: The Trump administration has prioritized investing tens of billions of dollars to increase how many people it can hold in immigration detention, and ICE has a limited amount of time to spend it. - While Republicans may back the president's immigration blitz on a national level, they've been leading voices of local pushback against ICE's warehouse expansion while hinting at an old refrain: not-in-my-backyard. The big picture: Republican elected officials in Mississippi, New Hampshire , Tennessee and beyond have fought proposed facilities in their states. - New…

AXIOS (Barak Ravid) - U.S.-Iran nuclear negotiators meet for 3 hours with Trump decision looming

President Trump's envoys Steve Witkoff and Jared Kushner have held more than three hours of negotiations with Iranian Foreign Minister Abbas Araghchi in Geneva on Thursday to try and reach a breakthrough towards a nuclear deal. - The Omani foreign minister said the talks would resume later on Thursday, after a break. Why it matters: The talks in Geneva could be the last chance for a diplomatic solution before Trump opts for war. The message Kushner and Witkoff give Trump after the meeting will have significant influence on the president's decision. - Trump said in the State of the Union on Tuesday that he prefers a diplomatic solution. But he also laid out a case for war. Behind the scenes: The third round of nuclear talks have been…

NPR (Brittney Melton) - U.S. and Iran to hold nuclear talks. And, Harvard professor resigns over Epstein ties

U.S. and Iranian officials are set to meet today in Geneva to discuss Tehran's nuclear program. And, Harvard professor Larry Summers is resigning over ties to convicted sex offender Jeffrey Epstein.